67
67
Jan 17, 2013
01/13
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of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise revenue, that is a pretty good system. it's pretty desirable to think about how to reform the tax code. but there are a lot of tough things when you talk about the specifics and the fact we need to deal with the mortgage deduction for state and local taxation then capping the discretionary you don't have to talk about a single specific policy. taxing the 1% is easy even if you are the 1% its current take more of that to fix the problem. now it's the hardest part so it's how we are going to unravel the next steps. clearly the next piece is going to have to focus on entitlement reform that's the biggest tax. we have to reaction moments coming up next months, the sequester that the extended for two months and it has broad base across-the-board spending cuts which is a wrong way to do policy. we are dealing with a tough recovery we want to phase in all these gradually and pick and choose and policy makers to pic
of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise revenue, that is a pretty good system. it's pretty desirable to think about how to reform the tax code. but there are a lot of tough things when you talk about the specifics and the fact we need to deal with the mortgage deduction for state and local taxation then capping the discretionary you don't have to talk about a single specific policy. taxing the 1% is easy even if you are the 1% its...
76
76
Jan 15, 2013
01/13
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these are american tax dollars being spent its best to spend those tax dollars helping americans in need. here's an example. we can spend $531 million on some become six and 52 million on kenya, 625 million on nigeria or perhaps as much as 2 billion in new castle county and other damaged areas in delaware. we did spend 180 million on indonesia, 142 million in the philippines, 107 million in vietnam, 85 million in the republic of georgia or shift those sums to atlantic city and other places in new jersey. i hope to get the drift. we have people hurt in the united states of america but we also have a future that we have to look at cost. each time we spend money, we do not have, i would submit to the members of the committee that furthers the rest of the insolvency in bankruptcy and if that were to happen, it would debilitate the country so i request your consideration to the amendments i have before you. >> thank you mr. chairman for your work tonight and at the time in reviewing these amendments. i offer today an amendment 73 to the rogers substitute regarding watershed protection funding
these are american tax dollars being spent its best to spend those tax dollars helping americans in need. here's an example. we can spend $531 million on some become six and 52 million on kenya, 625 million on nigeria or perhaps as much as 2 billion in new castle county and other damaged areas in delaware. we did spend 180 million on indonesia, 142 million in the philippines, 107 million in vietnam, 85 million in the republic of georgia or shift those sums to atlantic city and other places in...
110
110
Jan 15, 2013
01/13
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CSPAN2
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tax system. we know what the answers are. we'll fight about the specifics of all of them and how fixing the problem would look like, but we don't know at what point the political system is willing to make all the choices, which are difficult, compromise on both sides, and sort of put the issue to rest so that we can go back to fighting about all the other things we're going to fight about. i think the fact you can see what the policy solutions are and we're past the era of pretending it doesn't matter, but everybody recognizes the threat it puts out there. you can't possibly imagine real growth coming without a sense of stability without knowing what the changes will be so you can have planning, investments, job creation, all the necessary pieces of moving the economy forward. you know, the big wild card is when people are willing to make the tough choices instead of using them to fight in the normal political boxes. what do i think is going to happen next? it's already off on a different path th
tax system. we know what the answers are. we'll fight about the specifics of all of them and how fixing the problem would look like, but we don't know at what point the political system is willing to make all the choices, which are difficult, compromise on both sides, and sort of put the issue to rest so that we can go back to fighting about all the other things we're going to fight about. i think the fact you can see what the policy solutions are and we're past the era of pretending it doesn't...
87
87
Jan 18, 2013
01/13
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eye 87
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tax base. without taxes best of services. you may hate taxes, you may never want to pay taxes, but the bottom it is for governments in the united states, for local and state governments without tax revenue, you cease to fight essential services, right? develop the tools to give them how to look at the resiliency of the tax base and their exposures. understand after disaster is much easier to make big financial changes. but in small incremental changes, how do you look at decisions you're making to say that if something happened, our tax base is resilient enough we can survive. or we are so exposed to this that if it happens, we need to understand what those consequences mean. and so the issue about rebuilding affordable housing, maybe is not a good idea to rebuild it with their most affordable at. but you can't zone and out of your community. this is one of the things we've seen is what i call the benign neglect, where local officials have areas of poverty and in the disaster they say that's pr
tax base. without taxes best of services. you may hate taxes, you may never want to pay taxes, but the bottom it is for governments in the united states, for local and state governments without tax revenue, you cease to fight essential services, right? develop the tools to give them how to look at the resiliency of the tax base and their exposures. understand after disaster is much easier to make big financial changes. but in small incremental changes, how do you look at decisions you're making...
98
98
Jan 14, 2013
01/13
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tax that is collected? thank you. >> guest: i do not. there is a small portion that still remains over the treasury department, but we believe that the money goes to treasury. atf is still very small, very small portion of the work is involved. >> some stats from the website on fiscal 2011 numbers. they recommended defendant's for prosecution in alcohol and tobacco cases about 213 recommended for prosecution. they seized approximately 42 million in the criminal contraband and alcohol and tobacco products moving across states. let's go back to the phone. mike in houston texas on the independent line. good morning, mike. >> caller: good morning. i had the fortune of mary in a very wise woman so in a way i am the luckiest man in the world, but my wife pointed out no one had a concealed or carried permit has committed a rampage shooting so wouldn't more conceal and carry permits held this problem that we are trying to solve? especially when. no woman has done a mass shooting that i am aware of. >> host: we're t
tax that is collected? thank you. >> guest: i do not. there is a small portion that still remains over the treasury department, but we believe that the money goes to treasury. atf is still very small, very small portion of the work is involved. >> some stats from the website on fiscal 2011 numbers. they recommended defendant's for prosecution in alcohol and tobacco cases about 213 recommended for prosecution. they seized approximately 42 million in the criminal contraband and...
77
77
Jan 16, 2013
01/13
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eye 77
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the united states local officials it is tax base. without taxes there is no services. you may hate taxes and never want to pay taxes, but the bottom line is for governments of the united states, local and state governments without tax revenue you cease to provide essential services. develop the tools that give them up to look at the resiliency of their tax base hit and their exposures. understand after a disaster it is easier to make began airing changes, but in small incremental changes how you look at the changes -- decisions you're making to say that if something happens our tax base is resilient enough that we can survive it or we are so exposed in this if it happens we need to understand what the consequences me. and so the issue about rebuilding affordable housing, well, maybe it's not a good idea to rebuild it where they're most vulnerable, but you cannot sell them out of your community. this is one of the things we have seen, what i call the neglect where local officials have area of poverty. they go, that is actually pretty good land. if we can yet those folks
the united states local officials it is tax base. without taxes there is no services. you may hate taxes and never want to pay taxes, but the bottom line is for governments of the united states, local and state governments without tax revenue you cease to provide essential services. develop the tools that give them up to look at the resiliency of their tax base hit and their exposures. understand after a disaster it is easier to make began airing changes, but in small incremental changes how...
87
87
Jan 15, 2013
01/13
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eye 87
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tax bill. and, because there's so much of the lessons is, so much to complain about. the business roundtable has been out there leading the charge in single, this is crazy. our corporate tax rate is now the highest in the world. putting us in a pretty bad position. so, you know, again, i almost never say this, but this does come down to leadership, and this does come down to three people. the president, somebody innocent, and somebody in the house. been willing to put aside all the special interests, lock the lobbyists out of the room, and come up with a tax bill. people know what should be in it, right? we know that there's a lot of justice done -- a lot of injustice done in the tax bill. but it does take that kind of moment to happen. it did happen once before in our lifetimes, and maybe it will happen again. and hoping maybe even this year or next year spend your optimistic? >> i actually am, only because in what happened in the discussion about the deficit is that it opened up a discussion
tax bill. and, because there's so much of the lessons is, so much to complain about. the business roundtable has been out there leading the charge in single, this is crazy. our corporate tax rate is now the highest in the world. putting us in a pretty bad position. so, you know, again, i almost never say this, but this does come down to leadership, and this does come down to three people. the president, somebody innocent, and somebody in the house. been willing to put aside all the special...
118
118
Jan 18, 2013
01/13
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eye 118
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administration of greece to collect tax revenue and to fight tax evasion. i forgot to mention the privatization program which is also necessary, but which is also, you know, delivery not for greece. >> thank you. gentlemen just here in the third row. right here. no -- thank you. >> thank you. what -- >> identify yourself. >> [inaudible] what is your insight on the chinese economy in terms of opportunities and the changes, and secondly, what goals are on top of your agenda that you want to achieve in the new year? thank you. >> yes, global growth is not just on the top of my agenda, but it's on the top of the agenda of anybody who cares about the economy and who cares about jobs and who cares about, you know, rebalancing and consolidating. it's clearly very conducive factor underlying element for all of what we want -- jobs, fiscal consolidation, rebalancing. it makes it a lot easier when you have growth. turning to china, i would certainly, number one, observe that there is continued significant and substantial growth expected out of china. i would observe
administration of greece to collect tax revenue and to fight tax evasion. i forgot to mention the privatization program which is also necessary, but which is also, you know, delivery not for greece. >> thank you. gentlemen just here in the third row. right here. no -- thank you. >> thank you. what -- >> identify yourself. >> [inaudible] what is your insight on the chinese economy in terms of opportunities and the changes, and secondly, what goals are on top of your...
73
73
Jan 16, 2013
01/13
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eye 73
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we already took a step in that direction in the tax reform bill that we pass the tax bill, the so-called p's provision. we have to look at it better. there's a proposal, and where's the budget? well, the president had in budget proposals a 28% limit on deductions itemized deductions, and i think we need to look at that, but carefully, charitable contributions, for example, mortgage interests, state and local taxes so that's a major area and the president proposed essentially $600 or $700 billion in ten years from that areament i don't think we can now obtain that much even if we adopt the president's 28% limit, but -- >> host: why not? >> guest: why not? because i think we have to look at the impact on charitable contributions. most -- half of the charitable contributions in the country, a lot of us, most contribute something, but a lot comes from the very wealthy. i think we need to be careful we don't come too -- come down too hard -- >> host: we need more coffee. >> guest: we have to look at that, and, also, let me mention interest. most viewers probably don't know what carrieded inte
we already took a step in that direction in the tax reform bill that we pass the tax bill, the so-called p's provision. we have to look at it better. there's a proposal, and where's the budget? well, the president had in budget proposals a 28% limit on deductions itemized deductions, and i think we need to look at that, but carefully, charitable contributions, for example, mortgage interests, state and local taxes so that's a major area and the president proposed essentially $600 or $700...
80
80
Jan 18, 2013
01/13
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eye 80
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other things you might want to consider as part of this is expanding the multiple sales tax in ways along the southwest border stay with firearms so we can also have hopeful sales on assault weapons and other concerning long guns. the second policy recommendation is you really need to enact an effective firearms to version our trafficking statute. the two most commonly used, even though there is close to 40 different statutes available to atf and making gun trafficking cases come in the two most common statutes used or engaged in the business of selling firearms without a license or falsifying the atf form 4473. both are very difficult to prove. for example in the kern report, he would have been those investigations were atf agents what if some are investigating teaching and dealing that advice and violation, only viewable to church and 38% the cases. also find the 4473 farm, only boat to charge that important% of the cases because they were very difficult prove in the instance that engage in the business of the firearms license, you could stand to sell it if a private rocket for my colle
other things you might want to consider as part of this is expanding the multiple sales tax in ways along the southwest border stay with firearms so we can also have hopeful sales on assault weapons and other concerning long guns. the second policy recommendation is you really need to enact an effective firearms to version our trafficking statute. the two most commonly used, even though there is close to 40 different statutes available to atf and making gun trafficking cases come in the two...